3 Room (3I) HDB for Sale in 59 New Upper Changi Road

The valuation of the 3-room HDB unit in Bedok, with a remaining lease of 50 years, stands at an estimated value of $266,186, translating to a price per square foot (PSF) of $380. This valuation is noteworthy, particularly as it is assessed to be above the market average, presenting a striking 69.1% difference from the established baseline. Such a premium reflects the competitive dynamics currently characterizing the Bedok district, where demand continues to outpace supply, particularly for properties with favorable lease terms and accessibility to amenities.

Analyzing the market signals and recent transactional data, the model's confidence level is categorized as medium, based on a review of eight recent HDB resale transactions in the vicinity. This indicates a level of variability, suggesting that while there is robust interest in the area, fluctuations in buyer sentiment and external economic factors may influence future valuations. The remaining lease of 50 years is a critical factor, as properties with longer leases tend to attract a broader pool of potential buyers, thereby sustaining their market value. Bedok's strategic location and evolving infrastructure developments further bolster its desirability, ensuring that this property remains a compelling option for both investors and homebuyers alike.